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Dow Jones 30 Forecast January 30, 2017, Technical Analysis

By:
Christopher Lewis
Updated: Jan 28, 2017, 03:23 GMT+00:00

The Dow Jones 30 had a very uneventful Friday, as we continue to tread water above the 20,000 handle. The market looks as if it is going to continue to go

Dow Jones 30 daily chart, January 30, 2016

The Dow Jones 30 had a very uneventful Friday, as we continue to tread water above the 20,000 handle. The market looks as if it is going to continue to go higher longer-term, so I think a pullback is nothing more than an opportunity to take advantage of value. Alternately, if we break above the recent high, I’m a buyer there as well. I have no interest whatsoever in selling this market, as it is clearly in an uptrend and of course all US indices right now looks very healthy. I have no long-term target, I just know that were going higher.

About the Author

Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.

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